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Target Two Point Zero Triumph!
2nd December 2013

 

A team of 9 Oundle pupils won the Regional Heats in the recent Target Two Point Zero Bank of England and Times Interest Rate Challenge. The pupils now go through to the Area Finals which take place in February 2014.

Captain Oliver Wood (17), Juliette Aliker (17), Freddie Martin (18) and Malayandi Palaniappan (18) presented their findings ably supported with research from Stanley Billington (17), Danial Bistamam (18), Alexandra Hodgson (17), Andrew Ginns (17) and Matthew Law (18).

 

Teams had to act as the real Monetary Policy Committee would and undertake economic research and analysis by examining current economic conditions, and assessing the outlook for the economy and inflation. They then had to present their findings to a panel of judges in competition with other schools in the area and make a monetary policy recommendation with supporting arguments and evidence to achieve the Government’s inflation target of 2.0%.

 

Oliver commented, “In our presentation we proposed to keep the bank rate at 0.5% and maintain the stock of QE asset purchases at £375, due to the fragile recovery in the UK and falling real wages.

 

 It felt amazing to win as we had been working on the presentation for several months, with a very hectic couple of days before updating all of the data and statistics on the slides. It has given all of the team a much greater understanding of the current state of the UK economy and will definitely help us in our A-level studies.”

 

 

Head of Economics, Mo Tanweer commented, “The Oundle team of pupils presented very strongly and answered the panel’s questions excellently. They should be rightly proud of their achievement.”

 

The Area Finals will take place in February 2014.

 

Press contact:

 

Liz Dillarstone

Publicity and Press Relations Officer

Oundle School

01832 277267

07810 788458

ed@oundleschool.org.uk 

 

 

Background Information on Oundle School

 

Oundle School is situated in the quintessentially English Market town from which it takes its name. The School's buildings, dating from the seventeenth to the twenty-first century, are dispersed throughout the town, which is, to a large extent, its campus.

The School's history goes back to 1556 when Sir William Laxton, Master of the Worshipful Company of Grocers and Lord Mayor of London, endowed and re-founded the original Oundle Grammar School, of which he was a former pupil. In 1876, the Grocers' Company decided to divide the School into two parts: Laxton Grammar School, mainly for the inhabitants of the town, and Oundle School, mainly for pupils from further afield. However, to mark the new millennium, the Governing Body decided to reunite the two schools under the common name of Oundle School, with Laxton as a House for day-pupils.

The School is now able to offer a range of educational possibilities to meet contemporary needs: co-educational day or boarding education, with Laxton Junior as a 4-11 day school, and Oundle School as a boarding and day school, with entry at 11, 13 or into the Sixth Form.

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